Overview / Commentary
600 Atlantic Federal Credit Union is headquartered in Boston and is the 82nd largest credit union in the state of Massachusetts. It is also the 2,825th largest credit union in the nation. It was established in 1946 and as of December of 2019, it had grown to 4 employees and 1,590 members at 1 location. 600 Atlantic Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
600 Atlantic Federal Credit Union is open to employees of the Federal Reserve Bank of Boston and its First District branches or tenant firms in the 600 Atlantic Avenue building.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 600 Atlantic Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5256 |
| Year Chartered | 1946 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 5.77% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $31.4MM$30.6MM |
| Loans | Q4 2019vs Q4 2018 | $17.1MM$16.0MM |
| Deposits | Q4 2019vs Q4 2018 | $27.3MM$26.8MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.0MM$3.8MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $117.00K$122.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $15.00K$81.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |